Sebrof Posted December 23, 2008 Share Posted December 23, 2008 http://www.mondaq.com/article.asp?articlei...email_access=on Mind-boggling numbers. One wonders, though, whether the Yanks are hounding their own companies as aggressively as foreign ones. S Link to comment Share on other sites More sharing options...
Pragmatopian Posted December 28, 2008 Share Posted December 28, 2008 Historically the US authorities hounded American-owned companies rather more frequently and aggressively, but of late you're correct that FCPA-related investigations into foreign-owned entities (typically those with a US stock listing) have become more frequent. There are good policy reasons for this shift: corrupt practices are rightly seen as anti-competitive and having a distoring effect on markets, so to act punitively against American companies for engaging in corrupt practices while ignoring the same practices among foreign competitors would put US companies at a distinct disadvantage in the global marketplace. However, given the current economic situation, I wouldn't be surprised if resources were redirected to financial regulation at home for at least the next few years. Was watching a show about Dragons Den around the world the other day and was amused to see that a Nigerian entrepeneur had factored the bribes he would need to pay into his business plan Link to comment Share on other sites More sharing options...
WTF Posted December 28, 2008 Share Posted December 28, 2008 Historically the US authorities hounded American-owned companies rather more frequently and aggressively, but of late you're correct that FCPA-related investigations into foreign-owned entities (typically those with a US stock listing) have become more frequent. There are good policy reasons for this shift: corrupt practices are rightly seen as anti-competitive and having a distoring effect on markets, so to act punitively against American companies for engaging in corrupt practices while ignoring the same practices among foreign competitors would put US companies at a distinct disadvantage in the global marketplace. However, given the current economic situation, I wouldn't be surprised if resources were redirected to financial regulation at home for at least the next few years. Was watching a show about Dragons Den around the world the other day and was amused to see that a Nigerian entrepeneur had factored the bribes he would need to pay into his business plan was the nigerian intending to build something on the isle of man?? Link to comment Share on other sites More sharing options...
Amadeus Posted December 29, 2008 Share Posted December 29, 2008 Bribes? Please - German companies don't use bribes... They're 'Motivational Payments' Until recently, you could claim bribes for some transactions with countries back of the tax in ze heimatland - I think that loophole has been shut now... Link to comment Share on other sites More sharing options...
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